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Company Registration No. 11511523 (England and Wales)
Favell Mobile Plant Repairs Ltd Unaudited accounts for the year ended 31 August 2023
Favell Mobile Plant Repairs Ltd Unaudited accounts Contents
Page
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Favell Mobile Plant Repairs Ltd Company Information for the year ended 31 August 2023
Director
Mark Favell
Company Number
11511523 (England and Wales)
Registered Office
SUNNYBANK NORTH END GOXHILL BARROW-UPON-HUMBER DN19 7JX UNITED KINGDOM
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Favell Mobile Plant Repairs Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,072 
136,864 
Current assets
Debtors
75,951 
49,150 
Cash at bank and in hand
39,596 
37,888 
115,547 
87,038 
Creditors: amounts falling due within one year
(102,223)
(69,976)
Net current assets
13,324 
17,062 
Total assets less current liabilities
190,396 
153,926 
Creditors: amounts falling due after more than one year
(31,754)
(43,331)
Net assets
158,642 
110,595 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
158,641 
110,594 
Shareholders' funds
158,642 
110,595 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 January 2024 and were signed on its behalf by
Mark Favell Director Company Registration No. 11511523
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Favell Mobile Plant Repairs Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Favell Mobile Plant Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 11511523. The registered office is SUNNYBANK NORTH END, GOXHILL, BARROW-UPON-HUMBER, DN19 7JX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
15% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
60,611 
108,660 
6,494 
175,765 
Additions
31,414 
37,746 
- 
69,160 
At 31 August 2023
92,025 
146,406 
6,494 
244,925 
Depreciation
At 1 September 2022
17,256 
18,405 
3,240 
38,901 
Charge for the year
11,578 
16,300 
1,074 
28,952 
At 31 August 2023
28,834 
34,705 
4,314 
67,853 
Net book value
At 31 August 2023
63,191 
111,701 
2,180 
177,072 
At 31 August 2022
43,355 
90,255 
3,254 
136,864 
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Favell Mobile Plant Repairs Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
75,951 
49,150 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
18,126 
10,594 
Obligations under finance leases and hire purchase contracts
13,351 
10,019 
Trade creditors
17,377 
20,992 
Taxes and social security
16,283 
6,549 
Other creditors
466 
269 
Loans from directors
30,620 
15,553 
102,223 
69,976 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,500 
16,500 
Obligations under finance leases and hire purchase contracts
21,254 
26,831 
31,754 
43,331 
8
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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